Investment Trust Insider on BioPharma Credit James Carthew: don’t let Biopharma’s slow start give you the wrong impression (title by Citywire!!) This week I’m revisiting Biopharma Credit (BPCR) which I last wrote about at the end of March, when it listed having raised £610 million. As things stand, it still holds the top slot for […]
Scottish Oriental ups Asian Frontiers exposure – Scottish Oriental Smaller Companies says that, over the 12 months to August, its Net Asset Value per share rose by 15.7 per cent in total return terms, while the ‘comparative indices’, MSCI AC Asia ex Japan Index and MSCI AC Asia ex Japan Small Cap Index, rose by […]
JZ makes two sales – JZ Capital Partners Limited has realised two of its US micro-cap investments, Nielsen-Kellerman and K2 Towers, for a total gross value of $39.9 million, representing a cumulative $13.4 million uplift to JZCP’s net asset value as of 31 August 2017. K2 Towers K2 was founded in 2009 and specialises in acquiring and maintaining […]
AEW Long Lease buys St Helens industrial estate – AEW UK Long Lease REIT has bought Pocket Nook Industrial Estate, St Helens for GBP9.0m reflecting a net initial yield of 5.4%. The 16.1 acre site is let to three tenants and provides a weighted average unexpired lease term of 66 years to expiry, with 49% […]
Investment Trust insider on Impax James Carthew: Impax ticks all the right boxes for the environment Many funds lay claim to incorporating environmental, social and governance (ESG) aspects into their investment approach, including many passive, index-tracking funds. However, often this is just a crude, and sometimes clumsy, box-ticking exercise. Few funds really set out to […]
Caledonia sells the Sloane Club – Caledonia Investments has today sold its 100% interest in The Sloane Club, the private members club located in the heart of Chelsea, London, to Sloane Investment Limited, a special purpose vehicle jointly owned by JK Chelsea Holdings Limited, an affiliate of the Queensway Group, and Clearbell Property Partners III […]
Alternative Liquidity discount narrows – At the start of the year (1 July 2016) Alternative Liquidity Fund had a Net Asset Value of $127.5 million and a NAV per share of US$0.8728. At the end of the year the NAV was US$111.1 million and the NAV per share was US$0.7574. This represents a 13.2% (US$16.4 million) […]
Wolf Minerals (AIM: WLFE, ASX:WLF) has secured an additional £10m in funding from major shareholder Resource Capital Fund VI to help it complete the operating turnaround plan at its Drakelands tungsten/tin mine. This increases the existing bridge facility from £45m to £55m. The key elements of the turnaround plan are modifications to the dense media […]
Witan swaps Marathon for Crux and SW Mitchell – Following a wide-ranging search covering active managers of European equities, Witan has decided to appoint Crux Asset Management Limited and SW Mitchell Capital LLP as specialist European equity managers. They have each been allocated approximately £100m (c. 5% of Witan’s assets) to manage in European equities, […]
EJF invests in TruPS securitisation – EJF Investments Ltd says that the company has invested approximately $17.0 million (approximately GBP12.9 million based on foreign exchange rates reported for the day the purchase occurred) in the preferred shares issued by TruPS Financials Note Securitization 2017-2 Ltd on 26 October 2017. The preferred shares are the lowest ranked security […]
